Don’t Use It If You Don’t Get It
February 10th, 2009 at 8:55 pm by Chad (Chad's Blog)
Read this:
http://www.marketwatch.com/news/story/us-stocks-tumble-biggest-drop/story.aspx?guid={01F6F134-2ECE-4D6B-8829-18D411D5FD94}&dist=msr_1
Or maybe just this excerpt:
“Everybody is looking for the silver bullet to fix the economy, but there isn’t one,” said Chris Johnson, chief executive of Johnson Investment Research in Cincinnati. “I think what they’re doing here is too little, too late.” Johnson has recently been using options contracts and exchange-traded funds to go short, or bet on a general decline in the stock market.
Okay, I have a REAL problem with this, Chris. Get it right. Silver bullets kill lycanthropes. So, if the economy were rampaging through the village terrorizing innocents, as it did before the tech bubble burst, then this analogy might have been appropriate. In its current lethargic state, however, shooting it with a silver bullet would, presumably, cause it to moan and die. Aren’t we worried that it’s not well as it is?
If you’re searching for an analogy, here’s a better one:
Everyone’s hoping for a crack pipe to pass to the economy to really pep it up and make it feel great and like nothing is wrong, despite all the evidence to the contrary, but the main dealer left Washington in January.
Tags:politics,rant